Advance Tax Payment

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Advance Tax Payment

 

Advance tax means income tax should be paid in advance instead of lump sum payment at year end. It is also known as pay as you earn tax. These payments have to be made in instalments as per due dates provided by the income tax department.

 

Pay Tax

  1. Who should Pay Advance Tax?

    1. Salaried, freelancers and businesses
    2. Presumptive income for Businesses
    3. Presumptive income for Professionals

 

Documents

  1. Documents Required for Advance Tax Payment:

    1. Account credentials
    2. accounting statment
    3. Professional reports

Time

Advance Tax Payment takes around 1 working day.

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